BTCUSD: LOOKING FORWARD TO BREAKING THE $4335 PRICE LEVEL

in #btcusd7 years ago

Hi guys, the BTCUSD chart as shown bellow has established an inside bar body only signal represented by the yellow arrow shown on the chart bellow. The high of the candle of the signal is $4335.00, this level is a resistance level signaling consistent consecutive candle bearish move on the daily charts. A close above this price level will trigger a support at the low of the same price $4116.00. This close will represent a continuation of the bullish strength of Bitcoin (BTC), and a probable confirmation of the hidden bullish divergence of BTCUSD. If that does not happen, bitcoin may continue in lower time-frame trends which i consider as noise.

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